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Europe styrene bids down 17% in one day

On Tuesday evening, December styrene bids hit $890/tonne FOB Rotterdam, with talk of a deal done at this level, although this could not be immediately confirmed. This is the lowest bid level since 4 June 2009 when they were at $880/tonne FOB

Oil: Falling Down

Brent for January settlement declined $2.88 to $66.19 a barrel on the London-based ICE Futures Europe exchange, the lowest since Sept. 29, 2009. The volume of all futures was 4.9 percent below the 100-day average. WTI for January delivery dropped

Petrochemical prices plunge on crude

The monthly global ICIS petrochemical index (IPEX), charting price settlements for November contracts, dropped by 6.8% from a revised month earlier figure with the northeast Asia sub-index falling 7.6% and the indexes for Europe and the US down 6.7% and

European and Chinese Steel Prices Fall

Steel prices in China have fallen from $607 per tonne (£385) in January to $542 (£344) in October. In the US the price has dropped from $861 (£546) to $839 (£532) over the same period. According to Mintec, the European

Uranium price soars as Japan restarts nuclear reactors

Kyushu Electric Power Co. received final local approval last Friday to resume power generation at its Sendai nuclear plant in Kagoshima Prefecture. All reactors in Japan have been shut since the March 2011 meltdowns crisis at Tokyo Electric Power Co.’s

Chinese steel exerts downward pressure on U.S. prices

In the U.S., current domestic hot-rolled steel prices are a whopping $209 per ton higher than the Chinese export price. As a result, Chinese steel exports have risen to record levels. China’s exports of steel products rose to a fresh

US ethylene hits 29-month high

Ethylene prices continue to be high in the spot ethylene market because of three ongoing cracker shutdowns and one scheduled shutdown at the end of October. At the beginning of this week, front-month Williams System ethylene traded at 74 cents/lb

Supply fear drives palladium to 13-year high

Palladium for immediate delivery added as much as 0.4 percent to $908.83 an ounce, and traded at $906 by 11:30 a.m. in Singapore, advancing for a fourth day, Bloomberg generic pricing show. The metal climbed to $909.35 on Aug. 29,

North American steel at 2-year highs; not true in China and Europe

Steel prices in Asia and Europe are at around 4-1/2 year lows, partly thanks to falling raw material costs like iron ore, but also oversupply built up since the 2008 financial crisis. However, in North America, prices are near two-year

Banana production between bananapocalypse and bananageddon

The TR4 strain of Panama disease, a soil-born fungus that attacks plant roots, is deadly for the Cavendish banana that makes up about 95 per cent of supplies to importers, including North America and Europe, Fazil Dusunceli, an agriculture officer